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Lebanon’s slow, painful slide into financial meltdown

Behind a black gate in an upscale Beirut suburb, the head of Lebanon’s banking lobby implored the government to hold firm against the latest crisis, pay the country’s debts and safeguard its financial industry. “A stable economy is largely dependent on a strong banking sector,” said...

Lebanon's financial prosecutor freezes assets of 20 banks

Lebanon’s financial prosecutor froze the assets of 20 Lebanese banks, their top bosses and board members as part of a probe, state media and judicial sources said on Thursday. Local banks are at the heart of a financial crisis crippling Lebanon as the clock runs down on its looming debt...